Ameritas Advisory Services LLC Makes New Investment in SPDR S&P Bank ETF $KBE

Ameritas Advisory Services LLC purchased a new position in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 634 shares of the exchange traded fund’s stock, valued at approximately $35,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Kapitalo Investimentos Ltda bought a new position in shares of SPDR S&P Bank ETF in the first quarter valued at approximately $25,315,000. Nan Fung Trinity HK Ltd. acquired a new position in SPDR S&P Bank ETF in the first quarter worth $20,575,000. Edmond DE Rothschild Holding S.A. boosted its stake in SPDR S&P Bank ETF by 115.2% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 561,714 shares of the exchange traded fund’s stock worth $29,748,000 after purchasing an additional 300,652 shares in the last quarter. TD Asset Management Inc acquired a new position in SPDR S&P Bank ETF in the first quarter worth $7,589,000. Finally, Madison Asset Management LLC boosted its stake in SPDR S&P Bank ETF by 52.8% in the first quarter. Madison Asset Management LLC now owns 397,809 shares of the exchange traded fund’s stock worth $21,068,000 after purchasing an additional 137,441 shares in the last quarter.

SPDR S&P Bank ETF Stock Performance

SPDR S&P Bank ETF stock opened at $59.33 on Wednesday. The firm has a market cap of $1.48 billion, a P/E ratio of 12.60 and a beta of 1.14. The business’s fifty day moving average is $59.52 and its two-hundred day moving average is $55.62. SPDR S&P Bank ETF has a 52 week low of $44.34 and a 52 week high of $63.74.

About SPDR S&P Bank ETF

SPDR KBW Bank ETF, formerly The SPDR S&P Bank ETF (the Fund), seeks to closely match the returns and characteristics of the S&P Banks Select Industry Index. The S&P Banks Select Industry Index is a float adjusted modified-market, capitalization-weighted index that seeks to reflect the performance of publicly traded companies that do business as banks or thrifts.